Cheap food of low quality hits the poor hardest

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When Sir Terry Leahy appeared on Desert Island Discs he rightly
trumpeted the decline in food bills from 50 per cent to 10 per cent of
family income. His remarks were broadcast just days before the horsemeat
scandal revealed fraud in the food supply chain. That was not a coincidence.

However, in the past five years we have seen food prices increase by a third.
This problem will only get worse as we feel the effects of the American
drought, Russia’s recent grain export ban and ever greater Chinese demand.
The era of cheap food is, sadly, over.